Results 101-120 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Operations (13 Nov 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA revised its projected surplus to be returned to the State upwards to €4 billion. This was reaffirmed in the Section 53 Annual Statement 2020 which was recently laid before the Houses of the Oireachtas. The realisation of this surplus depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and...

Written Answers — Department of Finance: NAMA Operations (13 Nov 2019)

Paschal Donohoe: The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA’s operations and decisions, or in properties securing its loans. However, as previously outllined in a response on 3rd October 2019, in this instance, I am advised by NAMA that it has never had involvement with the referenced site.

Written Answers — Department of Finance: Information and Communications Technology (5 Nov 2019)

Paschal Donohoe: ..., and antivirus monitoring. IFAC data is regularly backed up, hosted both on- and off-site, and multiple versions of key files are saved and are periodically tested. National Asset Management Agency (NAMA) The NTMA assigns staff and provides business and support services and systems to NAMA. This includes primary ICT services. As such, the NTMA maintains a robust...

Written Answers — Department of Finance: Departmental Contracts Data (5 Nov 2019)

Paschal Donohoe: ...74,949.27 where the physical office environment required immediate reconfiguration following changes to the organisational structure and the services of the existing general maintenance contractor were employed. National Assets Management Agency (NAMA) NAMA publishes, on a quarterly basis, details of its awarded contracts over €25k on its website in accordance...

Written Answers — Department of Finance: NAMA Portfolio (15 Oct 2019)

Paschal Donohoe: As the Deputy may be aware, NAMA does not own property, rather NAMA has acquired loans for which properties act as security. I am advised by NAMA that its debtors and receivers control a small number of properties in Newbridge, County Kildare.  Under Sections 99 and 202 of the NAMA Act, NAMA is prohibited from disclosing confidential debtor information, including information on...

Written Answers — Department of Finance: NAMA Property Construction (3 Oct 2019)

Paschal Donohoe: The Deputy will be aware that I, as Minister for Finance, have no role in respect of NAMA’s operations and decisions, or in properties securing its loans. However, in this instance, I am advised by NAMA that it has never had involvement with the referenced site.

Written Answers — Department of Finance: NAMA Operations (26 Sep 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA revised its projected surplus to be returned to the State upwards to €4 billion. The realisation of this surplus depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and residential funding programmes. Surplus funds may only be returned to the Central Fund once NAMA's debt has been...

Written Answers — Department of Finance: NAMA Operations (11 Jul 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA recently revised its projected surplus to be returned to the State to €4 billion subject to market conditions prevailing. The realisation of this surplus also depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and residential funding programmes. Based on the end 2018 projected surplus...

Written Answers — Department of Finance: Departmental Contracts Data (10 Jul 2019)

Paschal Donohoe: ...same building and do not have contracts in place for the provision of security services. In the case of both their current and new premises, building security is provided via the landlord. Separately, NAMA has contracts in place to provide security for certain lands secured against NAMA loans and details of these contracts are included the attached table. The Irish Fiscal Advisory...

Written Answers — Department of Finance: General Government Debt (10 Jul 2019)

Paschal Donohoe: ...to the Rainy Day Fund contributing to this deterioration in the Exchequer position. For 2020 it is projected that an Exchequer surplus of €0.4 billion will be recorded, with an expected contribution from NAMA helping to boost the cash position. Further detail on the Exchequer balance, including projections to 2024, are available in the Summer Economic Statement 2019asset out in...

Written Answers — Department of Finance: NAMA Social Housing Provision (9 Jul 2019)

Paschal Donohoe: I am advised that NAMA has conducted regular reviews of the assets securing its loan portfolio to establish if vacant residential properties could be utilised for social housing. Up until end-March 2019, NAMA had identified a total of 7,050 residential properties as being potentially suitable for social housing. Of the units identified, demand was confirmed by local authorities for 2,729...

Written Answers — Department of Finance: Departmental Reviews (2 Jul 2019)

Paschal Donohoe: ...for the decline of the labour share of national income across Europe Q4 2019 (December) 2019 Review of the Research and Development Tax Credit Q4 2019 (October) Second Section 227 Review into NAMA's achievement of its objectives. Q4 2019 Credit Union Advisory Committee (CUAC) currently undertaking Research with Directors of Credit Unions. Q4 2019 ESRI Joint Research Programme - The...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: IBRC Liquidation (19 Jun 2019)

Paschal Donohoe: ...the point of liquidation the make-up of a committee of inspection would likely have included representatives of the National Treasury Management Agency, NTMA, the National Asset Management Agency, NAMA, and other unsecured creditors of the bank, potentially including employees and subordinated bondholders. It is important to note that the special liquidators have recently announced that...

Written Answers — Department of Finance: NAMA Operations (19 Jun 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA recently revised its projected surplus to be returned to the State to €4 billion. The realisation of this surplus depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and residential funding programmes. Surplus funds may only be returned to the Central Fund once NAMA's debt has been...

Written Answers — Department of Finance: NAMA Operations (13 Jun 2019)

Paschal Donohoe: Section 172(3) of the NAMA Act 2009 is a legal provision that, in broad terms, prevents assets held as security for loans acquired by NAMA from being sold back to defaulting debtors, or persons acting on behalf of defaulting debtors. The provision concerns property transactions (as opposed to loan sales) where a default has occurred under the loan secured by that property. ...

Written Answers — Department of Finance: NAMA Investigations (11 Jun 2019)

Paschal Donohoe: I am informed by NAMA that two complaints regarding potential breaches of Section 172(3) of the NAMA Act 2009 have been brought to their attention.  In relation to one of the alleged breaches, I am advised that NAMA has concluded its investigations and is satisfied that no breach has occurred. In relation to the second alleged breach, I am advised that An Garda Síochána...

Written Answers — Department of Finance: EU Regulations (11 Jun 2019)

Paschal Donohoe: ...entity. Lastly, notwithstanding the timelines for the establishment of the central register of beneficial ownership for companies set out above, I understand that, as with all legal obligations, NAMA will fully comply with the EU (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations insofar as they relate to NAMA and the NAMA group entities. I am advised that...

Written Answers — Department of Finance: NAMA Operations (22 May 2019)

Paschal Donohoe: As the Deputy will be aware, under Sections 99 and 202 of  the NAMA Act 2009, NAMA is legally prohibited from disclosing confidential information relating to debtors or their associated assets. Therefore NAMA is not in a position to comment on the information requested. The Deputy will also be aware that I, as Minister for Finance, have no role in respect of NAMA’s commercial...

Written Answers — Department of Finance: NAMA Operations (21 May 2019)

Paschal Donohoe: National Asset Residential Property Services DAC (NARPS) is NAMA’s social housing special purpose vehicle (SPV) which has provided over 1,300 new units for social housing. NARPS operates by purchasing suitable properties for social housing from NAMA debtors and borrowers and then leasing onwards these properties to Local Authorities and Approved Housing Bodies, who then forward lease...

Written Answers — Department of Finance: NAMA Operations (21 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 165 to 167, inclusive, together. NAMA was established in December 2009 and its debts of nearly €32 billion represented a substantial contingent liability to the State. The State recapitalised the domestic banking system at a gross cost of €64 billion, adding around 40 per cent of GDP to national debt. Total government debt now stands at over...